Current affairs 2022

As we all know, all the trade deals that take place between countries with each other are in transition through the dollar. The U.S. dollar is more reliant because the USA's economy is consistently positive. The dollar is once more dependent on any currency in the world. Indian rupee is not in the basket of the International Monetary Fund. So, recently, RBI’s Announcement that the transaction between an importer and exporter In India and outside India, is made through rupee transaction system. What Does It Imply? All the transactions between Any importers and exporters for Indian purposes is done by rupees transaction. Why is the RBI concerned? There are many reasons to take them. The main reason for the RBI's actions is to increase pressure on the Indian currency in the aftermath of Russia's invasion of Ukraine, in order to save and cap the increasing value of the Indian rupee in relation to the dollar. RBI, made this move. As we have already heard, Indian rupee value. In ...